Billionaire James Packer Packing a Shiner?

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The Sydney Morning Herald is reporting that billionaire gaming tycoon and Hollywood producer James Packer exchanged blows and wrestled “like a couple of schoolboys” with a long-time friend and TV executive at the media mogul’s Bondi Beach house.

Packer, who the newspaper reports is said to be sporting a “huge shiner,” exchanged punches with David Gyngell, the chief executive of Australia’s Nine Entertainment television network. Gyngell was the best man at Packer’s wedding and has been friends with the billionaire for 35 years, the Sydney Morning Herald noted.

Packer, whose net worth is estimated at $6.5 billion (Forbes), has partnered with director Brett Ratner (“Rush”) in RatPac Productions, which has a financing deal with Warner Bros. Pictures reportedly worth $450 million and covers up to 75 films.

Here’s what the Aussie newspaper is reporting:
“The punches were thrown I abject fury, Packer’s face red and angry as the billionaire’s bodyguard pulled him away from the Channel Nine boss.

“This was much, much more than mates rumbling. Fairfax Media has been told a Channel Nine news truck parked near Packer’s home likely sparked the confrontation, but that was just a ‘trigger-point’ to long-simmering tensions between the pair.

“Packer’s decision to end his six-year marriage to Erica, the mother of his three children, six months ago, is understood to be the cause of their falling out, with Gyngell understood to have confronted Packer.
“…Since the marriage came to an end, Packer has been living life as a billionaire bachelor, running with the Hollywood set including renowned party boy, filmmaker Brett Ratner, with whom Packer has invested hundreds of millions of dollars in their new film production company RatPac.

“It seems the billionaire believed the Channel Nine truck parked near his home meant he was to be greeted by a camera and microphone as he returned to his beachside pad from Sydney Airport.”

The Sydney Morning Herald also reports that “in excess of 50 images and an accompanying video were sold on Monday to News Corporation Australia after a heated bidding war, fetching an eye-watering price tag understood to be close to $250,000.”

The newspaper reported that a police spokeswoman said on Monday that no one had come forward to report the matter so it was not currently the subject of a police investigation.


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